Federal Bank
Federal Bank RuPay Signet Credit Card
Annual Fee
Lifetime FreeBase Reward
1% points
Foreign Markup
3.5%
Welcome Benefits
Amazon Pay Vouchers Worth ₹200
Product Highlights
- Lifetime free credit card
- Amazon e-voucher worth ₹200 as a welcome gift
- Up to 3 Reward Points on everyday spending
- Buy 1 Get 1 Free offer on movie tickets
- Complimentary domestic lounge access
Category Rewards
Specialty
3X on Electronics + Apparel
3X
shopping
3X on Electronics + Apparel
3X
entertainment
2X on Entertainment
2X
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
Amazon
3 Reward Points on every ₹200 spent
Reward Calculator
Earns ₹750/year (net)
Modest gain. Solid hold if you like the perks.
₹16K
across all your buckets
3K
Federal Bank Reward Points
₹750
via statement credit · ₹0.25/pt
Effective rate
0.39%
Annual fee
FREE
Year 1 net
+₹950
incl. welcome
Year 2+ net
+₹750
ongoing
Adjust your spend by reward bucket
3 bucketsMilestone Rewards
Bonus rewards unlocked at spend thresholds. Use the slider to see what your spend pattern unlocks.
per quarter · You spend ≈ ₹1.5L
1 domestic lounge visit + Swiggy voucher
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Wallet load surcharge
1%Charged on every wallet load
Utility payment surcharge
1%Charged on every utility bill payment
Fuel surcharge waiver (good news)
1%Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
Earn 3 Reward Points on every spend of ₹200 on Electronics and Apparel, 2 Reward Points on every spend of ₹200 on Entertainment Categories, and 1 Reward Point on every spend of ₹200 on Other Categories.
- 1 Reward Point = ₹0.25 & When Redeeming Against Statement
- 1 RP = ₹0.10
Benefits & Features
Domestic: 4 complimentary visits annually (Limited to one every calendar quarter) Complimentary domestic lounge access with four visits per year.
Pros & Cons
Pros
- Currently being offered as a lifetime free credit card
- Available on Visa as well as RuPay networks
- Users can link the RuPay variant of the credit card to UPI
Cons
- There is no complimentary international airport lounge access with the card
- The card does not offer any lifestyle perks other than BOGO movie offers
- The card does not have an extraordinary reward rate, there are better reward rates with other lifetime free credit cards.
Additional Info
Maximum benefit through the fuel surcharge waiver is capped at ₹150 per month.
Excluded Categories
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Networks